It can be challenging to part ways with a great motorcycle. But, once they have made the decision, owners want to figure out the best way to get the most cash for their ride and to sell it fast. Those looking to sell a Harley-Davidson, Honda, Yamaha, or any motorcycle model should keep reading for the best tips.
Determine the Motorcycle’s Worth
Before selling your used motorcycle, it’s essential to understand its true worth. The biggest factors contributing to a motorcycle’s value are its condition, maintenance, miles, and modifications.
A motorcycle’s condition is the greatest factor when placing a price on a motorcycle. Bikes in excellent condition will sell faster and for a higher amount of money than those that need a lot of work. Mechanics will look at the engine, transmission, suspension, exhaust, and chain. They will inspect a bike for frame damage, check the wheels and tires for wear, and look for any corrosion or rust that may be visible on chrome parts, wheels, and forks.
Other Considerations When Selling
Motorcycles are worth more and will sell faster during riding season, usually between April and September. Even in states that do not have harsh winters, the motorcycle market is better during these months.
If a motorcycle is rare, it will sell fast. Bikes in a niche market, have low or halted production, or have limited factory paint job will be more in demand than other motorcycles. While motorcycles depreciate once it leaves the lot, they may increase once it is at least 25 years old and considered a classic.
Resale Value Calculators
There are various calculators online that can help determine the value of a motorcycle. Kelly Blue Book, NADA Guides, and local classifieds can help an owner decide at what price they should list their bike. A motorcycle is only worth the amount someone is willing to pay for it.
Gather Necessary Paperwork for a Faster Sale
While it is not necessary, It is best to have the title, bill of sale, and vehicle registration for a motorcycle before trying to sell it. Someone who buys a motorcycle without a title in hand may risk buying a bike from someone illegally. If they apply for a title and find out that someone else owns it, they may be out thousands of dollars and still have to give the bike back to its proper owner.
Take Good Pictures
Before listing the bike for sale, wash and clean it. Avoid harsh lighting and take photos of the bike from all angles. Morning or dusk are often the best times to photograph a motorcycle. Take pictures of the front and backside, the left and right side profiles, the odometer reading, and any closeups of blemishes or damages. The background should be free from clutter and distractions. Consider taking the bike outdoors or clearing a space in the garage. The better a buyer can see the motorcycle’s condition, the better.
Where to List
There are many places to list a used motorcycle. There are online websites that will purchase motorcycles for cash. Online websites are fast, easy, and give fair market value for bikes.
Sellers may also consider selling privately. Sometimes they can sell the motorcycle for more money this way. However, private sales may be slow and inconvenient. Also, different online marketplaces can charge fees which will take away from the total sales price.
There are many options for selling motorcycles. These tips will help an owner get started for the fastest sale possible.
